Uruguay Inflation February 2021

Uruguay

Uruguay: Inflation hits two-month high in February

March 3, 2021

Consumer prices increased 0.82% in February over the previous month, which was below the 1.60% rise seen in January. The cooling of price pressures was largely driven by a more moderate increase in prices for food and non-alcoholic beverages. Inflation came in at 9.1% in February, up from January’s 8.9%, marking the highest reading in two months. Annual average inflation was unchanged at January's 9.8% in February.

Panelists participating in this month’s LatinFocus Consensus Forecast project inflation to end 2021 at 7.4%, which is down 0.1 percentage points from last month’s forecast, and 2022 at 6.8%.


Author:, Economist

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Uruguay Inflation February 2021

Note: Annual and monthly variation of consumer price index in %. Expectations of monthly variations of consumer price index in %.
Source: National Statistics Institute (INE) and Uruguay Central Bank (BCU).


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